In the metropolitan area of the country, there are an estimated 87 vertical housing projects for socioeconomic segment C, offering 5,963 apartments.
Representatives of the firm Global Inspections, detail that the 87 projects that are currently in the sale phase in the department of Guatemala, together accumulate a $874 million investment.
Offering more amenities in residential complexes and maintaining the discounts offered in housing fairs for longer are some of the strategies applied by real estate developers in Costa Rica to increase sales of new homes.
According to the most recent figures from the National Institute of Statistics and Censuses (INEC), between the first half of 2018 and the same period in 2019 the number of houses built in Costa Rica fell by 11% from 10,753 to 9,620.
Businessmen are looking to districts such as Arraiján and La Chorrera, as the improved connectivity brought by the Fourth Bridge over the Canal and Metro Line 3 will bring a wide range of business opportunities.
These districts, in which considerable growth is expected in the next few years, currently remain among the main areas attracting investment in the construction sector, since according to figures from the Comptroller's Office, between January and July of this year, the costs of new works, additions and repairs reported in La Chorrera and Arraiján, totaled $79 million and $58 million, respectively.
At the Expo Capac in Panama, 2,100 homes were sold, and mortgage transactions for nearly $180 million were achieved, surpassing the projections of the organizers by 50%.
This year was attended by 400 exhibitors who presented some 600 real estate projects and the support of 14 mortgage banks, public and private, which closed buying and selling procedures with thousands of visitors who came together during the five days of the fair event, reported the Panamanian Chamber of Construction (CAPAC).
Laurentino Cortizo approved the law that had previously been voted by the Assembly, which contemplates interest rate benefits for home purchases of up to $180,000.
In Panama, the National Assembly approved in the third debate the bill that contemplates interest rate benefits for the purchase of homes for a value of up to $180,000.
Although the construction of houses in Nicaragua is depressed because of the crisis that the country is going through, entrepreneurs in the sector see business opportunities in the resale of real estate and land.
In Costa Rica, yields on these investment instruments have been declining since 2017 and even more this year, partly because of the increase in the unemployment rate of real estate.
The prices of real estate investment fund shares on the stock market have fallen significantly in the last year. Economist Adriana Rodríguez, director of the consulting firm Frecuencia Económica, explains what to expect in the medium and short term.
The Cortizo administration approved a proposal that establishes that the government will assume 2% of the bank interest for the purchase of homes valued between $120,000 and $150,000, and in the case of real estate between $150,000 and $180,000, the exoneration will be 1.5%.
The Cabinet Council approved on September 3 the bill No. 044-19, which still has to be endorsed by the Assembly and seeks to increase coverage for the purchase of homes worth $180,000, informed the presidency of Panama.
A shopping mall in Panama, a multi-purpose real estate complex in Guatemala and the expansion of a drinking water system in Costa Rica are part of the investments planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects that are expected to be built in the coming months.
Identifying the best areas to invest in, knowing what type of property is in demand in each area, whether you are looking for more rentals or sales, homes or offices, or in which segments of the population there is more demand for each type of property, is part of what can now be analyzed using modern Big Data techniques.
The real estate market is not alien to the new reality focused on analyzing large volumes of information and making business decisions based on data.
In Costa Rica, it is estimated that the level of occupation of corporate spaces is 90%, being the modality "coworking", the type of office most sought by companies that are established in the country.
According to reports from Newmark Knight Frank (NKF), San Jose West, Heredia and the Savannah sector, are the most attractive areas in the country for future projects of this type.
Villa Nueva, Villa Canales and San Miguel Petapa, are the municipalities in Guatemala that have a high commercial opportunity for new developments of warehouses and industrial parks.
Although the greatest potential for developing new warehouse-office parks in the country is located in the southern municipalities of the metropolitan area, there are also growth opportunities in the El Naranjo sector, in Mixco, and also in the Atlantic exit.
The number of available apartments in Costa Rica has increased in recent years, a rise explained by the current economic situation and the high prices of some vertical housing projects.
Although sales are still on the rise, the number of apartments available in the Costa Rican market has increased, from 888 to 1,213 between 2017 and 2018, and up to June 2019 the figure reached 1,418.
The prices of construction materials in Nicaragua have reported increases in recent months, but because of the crisis in which the country finds itself, businessmen have chosen to assume these costs and not pass them on to customers.
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